natural gas

Mexico Electric Power Counter Reform Vote Seen Dragging into 2022

Mexico Electric Power Counter Reform Vote Seen Dragging into 2022

Mexico President Andrés Manuel López Obrador has high hopes of changing the rules of the game in the electric power sector, but his proposal likely won’t be voted on in Congress until early next year as the reform is studied by legislators. The reform, if passed, would modify the constitution to eliminate upstream oil and…

October 19, 2021
Late Sell-Off Sends November Natural Gas Below $5; Cash Tanks on Mild Temperatures

Late Sell-Off Sends November Natural Gas Below $5; Cash Tanks on Mild Temperatures

Natural gas futures extended their losses on Monday as cold weather remained largely absent from long-range forecasts. Despite higher global prices, the November Nymex gas futures contract plunged 42.1 cents to settle at $4.989/MMBtu. December dropped 36.4 cents to hit $5.236. At A Glance: Little cold in the forecasts yet European gas surges Big storage…

October 19, 2021
World Natural Gas Market Under ‘Tremendous Pressure’ as Winter Nears

World Natural Gas Market Under ‘Tremendous Pressure’ as Winter Nears

Moving the energy economy to net zero emissions is timely and costly, and the world now faces another dilemma: a natural gas market under “tremendous pressure” ahead of winter, the International Energy Agency (IEA) said Wednesday. In launching its annual World Energy Outlook (WEO-2021), the global energy watchdog acknowledged that winter 2021/2022 is opening with…

October 18, 2021
Energy-Hungry China Could Deepen Global Natural Gas Shortage

Energy-Hungry China Could Deepen Global Natural Gas Shortage

While the prospect of a cold winter is threatening to send an energy market already in crisis spiraling further, efforts in China to secure the supplies it needs to get through the season could make matters worse. China is the world’s largest energy consumer, and it has rapidly transformed into a natural gas-buying behemoth in…

October 18, 2021
Natural Gas Futures Finish Week Down Sharply as Mild Weather Seen Lingering; Cash Crumbles

Natural Gas Futures Finish Week Down Sharply as Mild Weather Seen Lingering; Cash Crumbles

Natural gas futures closed the week lower as the latest storage data — the tightest all summer — was seen as a one-off event amid an otherwise bearish backdrop. With the coming two weeks likely to include only a few days of cool weather, the November Nymex gas futures contract fell 22.0 cents to $5.345/MMBtu.…

October 18, 2021
Natural Gas Futures Slip as Coming Cool Front Only ‘Window of Variability,’ Not True Cold

Natural Gas Futures Slip as Coming Cool Front Only ‘Window of Variability,’ Not True Cold

Natural gas futures closed the week lower as the latest storage data — the tightest all summer — was seen as a one-off event amid an otherwise bearish backdrop. With the coming two weeks likely to include only a few days of cool weather, the November Nymex gas futures contract fell 27.7 cents on Friday…

October 15, 2021
Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Vermilion Gains Certified Label for Some Canadian Natural Gas Supply

Calgary-based Vermilion Energy Inc. has become the third Canadian producer to earn an international eco-label for its natural gas. The independent also announced Wednesday an initial sale of certified gas sporting the ethical energy brand, created by New York City-based Equitable Origin, which is trademarked as EO100 Standard Certification. “As the energy transition progresses, we…

October 15, 2021
Column: Mexico’s Counter Reform Threatening to Dismantle Competitive Energy Market

Column: Mexico’s Counter Reform Threatening to Dismantle Competitive Energy Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. The opinions and positions expressed by Prud’homme do not necessarily reflect the views of NGI’s Mexico Gas Price Index. In the midterm…

October 15, 2021
Natural Gas Futures Briefly Hit Close to $6 on Tight EIA Data, Cooler Outlook; Cash Strengthens

Natural Gas Futures Briefly Hit Close to $6 on Tight EIA Data, Cooler Outlook; Cash Strengthens

Natural gas futures continued to surge Thursday as weather models finally started trending cooler and the latest storage data reflected one of the tightest balances all summer. The November Nymex gas futures contract nearly touched $6.000/MMBtu before midday, but ultimately settled at $5.687, up 9.7 cents from Wednesday’s close. December climbed 8.4 cents to $5.837.…

October 15, 2021
Global Energy Crunch, LNG  & The Rise of RSG — Listen Now to NGI’s Hub & Flow

Global Energy Crunch, LNG & The Rise of RSG — Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow podcast in which NGI’s Patrick Rau, director of Strategy and Research, breaks down what to expect during the oil and natural gas industry’s 3Q2021 earnings calls, which are taking place during a turbulent and chaotic time. Amid a global energy supply crunch,…

October 15, 2021
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